250 Olive AveBurbank, CA 91502

Property Details for 250 Olive Ave

Year built

2005

Construction

STEEL FRAME

Lot size

0.85 AC

Property size (Sq ft)

79,763 SF

Zone code

BUC1*

Property type

Office properties

Property subtype

Office buildings

APN

2453-013-022

APU

2453013022

Description

This exceptional Class A office building, located at 250 E Olive Ave in Downtown Burbank, CA 91502, offers 79,763 square feet of prime creative and executive office space. Built in 2005, this four-story building features six suites, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 20,743 square feet. Currently, 35,492 square feet are available for lease. The property boasts convenient access to the Burbank Metrolink, AMC Entertainment Village, and Burbank Center Mall, offering a wealth of nearby amenities including dining, shopping, and entertainment options. Its location provides easy access to the 5 Freeway, connecting tenants to major studios in Burbank, Hollywood, and Downtown Los Angeles. The building includes ample parking (3.55 spaces per 1,000 square feet) and elevators. This is a unique opportunity to secure high-quality office space in a vibrant and desirable location within Los Angeles County. The property's APN is 2453-013-022. The building is situated near the cross streets of S 3rd St. This is a single building property.

• CAP approach

  CAP return

  Valuation

  6%

  $25,997,242

  6.5%

  $23,997,454

  7%

  $22,283,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,167,732

  Geo Method

  $15,167,732

• Alternative Use

  Use

  Valuation

  Residential

  $29,756,844

  Hospitality

  $27,257,108

  Educational

  $22,677,594

  Medical

  $23,457,512

  Retail

  $35,276,260

Location Insight

City

Burbank

County

Los Angeles

State

California

Latitude

34.1815

Longitude

-118.308

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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